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Nov 17, 2012
11/12
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that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make a bet on any of this? that's really what i'm asking. between now and year end, when the bush tax cuts expire at year end, what's a stock market investor to do? you're going to go up, you're going to go down. you saw today you had a is 00-point swing. but that's no way to be invested. what is your advice on how investors play this fiscal debate? >> i understand the sentiment that the wise thing to do is to take a long-term perspective. but every once in a while we experienced this in the summer of 2008. we're experiencing it again now. every once
that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make...
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Dec 20, 2012
12/12
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. >> i know a lot of boehner's people. and john boehner is a really good guy. he just happens to have a rather crappy caucus and i think there a lot of republicans that would admit that that sit in my position. but it's simple, john boehner and barack obama are going to come up with a deal. it's going to be in the last week of the year. this is not the first time that a member of congress and a president have waited until the last me lastment to do something. but the idea that we're going to -- >> jimmy isn't what is most important is republicans are signaling they're trying to move to the center here, they're letting the tax rates expire on those making $1 million or more. it's between now and the end of the year does that threshold move? the republicans want a million dollars threshold on tax rates to expire, obama wants $400,000. where does that needle go in this final week? that's the question to me. >> fine, then let the needle move. i think it's going to be anywhere from $500,000 to $700,000 a year. >> i agree with you. >> if they do that is correct it's
. >> i know a lot of boehner's people. and john boehner is a really good guy. he just happens to have a rather crappy caucus and i think there a lot of republicans that would admit that that sit in my position. but it's simple, john boehner and barack obama are going to come up with a deal. it's going to be in the last week of the year. this is not the first time that a member of congress and a president have waited until the last me lastment to do something. but the idea that we're going...
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Nov 13, 2012
11/12
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there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform. >> you want to grant design. that's very -- interesting point of view. >> doesn't have to be grand. we play to take two bites at it, debt ceiling coming up which i think, by the way, debt ceiling is the more important day personally than the fiscal cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the
there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform....
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Dec 18, 2012
12/12
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boehner may be a hero here. i happen to respect the guy, and he may be the compromise guy rising above partisanship, but you know as well as i do, you're former rnc chairman. you know the base is going to say and is already saying, the base and the grass roots, okay, have to turn out in 2014, you said we wouldn't raise tax rates, mr. boehner. now why are you raising tax rates? >> yeah. that's his conundrum. and you know, the rhetoric from before is coming back to bite, there's no doubt about it. but the question is, if you're not going to get at the table and put that on the table, then what are you going to -- what is your offer to the president that's actually going to get the deal done before january -- before december 31st? >> ari melber, i think that president obama and the democrats are dr. no. all they do is say no. boehner keeps coming in and making concessions, particularly on revenues. they may blow up the whole republican party for all i know. and president obama just says no. and harry reid says no.
boehner may be a hero here. i happen to respect the guy, and he may be the compromise guy rising above partisanship, but you know as well as i do, you're former rnc chairman. you know the base is going to say and is already saying, the base and the grass roots, okay, have to turn out in 2014, you said we wouldn't raise tax rates, mr. boehner. now why are you raising tax rates? >> yeah. that's his conundrum. and you know, the rhetoric from before is coming back to bite, there's no doubt...
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Nov 9, 2012
11/12
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john boehner has already had one. he's going to have a second one. looks like something good is going to happen. if that happens, let's put our optimistic hats on. how good would that be for stocks? >> well, we have the economy moving ahead slowly now. with an acceleration, i believe, coming from rising housing prices and rising housing starts. housing prices in this country, which have been going down for five or six years, in the last six months have started up and they're up broadry and stro rly in many markets. this is not only going to drive housing starts higher but be a tremendous positive for consumer confidence because along with stocks, the value of people's house, the biggest asset they have. it's been under downward pressure. now it's headed the other way. >> right. i agree. this may have had an impact on the election, by the way, because it's so important to individuals. but let me just take you through this. if the so-called fiscal cliff is solved, we avoid the big year-end tax increase, ken heebner, what concerns a lot of people is tha
john boehner has already had one. he's going to have a second one. looks like something good is going to happen. if that happens, let's put our optimistic hats on. how good would that be for stocks? >> well, we have the economy moving ahead slowly now. with an acceleration, i believe, coming from rising housing prices and rising housing starts. housing prices in this country, which have been going down for five or six years, in the last six months have started up and they're up broadry...
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Nov 10, 2012
11/12
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today we heard from house speaker john boehner. take a listen. >> the purpose of fofrjing a bipartisan agreement that continues to solve the problem, we're willing to accept new revenue under the right conditions. >> just an hour later this is what president obama had to say. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> all right. do i hear the foundation for some fiscal cliff common ground? we're going to explore the politics of this. here now is matt miller, and steve malinga and tony fratto who is a former bush 42 white house press secretary. mr. press secretary, i want to go to you first. you look at this, it's sort of hard to understand, and it's a good victory for president obama and the democrats picked up seats in the house -- in the senate and the republicans are now in the house, but there seems to be this common ground compromise coming. politically, why do you suppose that is? >> well, look, because we have divided government, we are going have to have some agreement on
today we heard from house speaker john boehner. take a listen. >> the purpose of fofrjing a bipartisan agreement that continues to solve the problem, we're willing to accept new revenue under the right conditions. >> just an hour later this is what president obama had to say. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> all right. do i hear the foundation for some fiscal cliff common ground? we're going to explore the...
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Sep 30, 2015
09/15
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house speaker john boehner will get the vote here. what about the import bank? i'm worried about the highway funding measures as well. defense spending. what sort of budget deal do you think we'll get through? >> sure, the whole idea of what they're going to talk abouts would be an idea of including the xm bank, funding the highway trust fund, essentially taking all the big legislative fiscal cliffs off the table so republicans don't have to worry about it. problem is republicans want to increase defense spending, democrats want to increase domestic spending. it's been difficult to come to agreement on that before. democrats would like to see tax hikes, republicans won't accept that. there's a whole lot that would need to come into a budget package that would set top line spending numbers for 2016 and 2017. can they get to that point? it's possible. there will be incentive for republicans that don't want to be looking at a possible scare over the debt limit and a shutdown in december before the election year but you've also got house conservatives very addiment
house speaker john boehner will get the vote here. what about the import bank? i'm worried about the highway funding measures as well. defense spending. what sort of budget deal do you think we'll get through? >> sure, the whole idea of what they're going to talk abouts would be an idea of including the xm bank, funding the highway trust fund, essentially taking all the big legislative fiscal cliffs off the table so republicans don't have to worry about it. problem is republicans want to...
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Oct 15, 2013
10/13
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>> speaker john boehner and others spent the day on capitol hill. the gist of the plan was to extend the debt limit through early of next year and to reopen the government plus have all congressional employees not have federal contributions but ultimately by late tonight the speaker was not able to get the vote so he pulled the bill. >> in your judgment or in your reporting what you hear, what the buzz is, why can't he get the votes for that bill? very important. very popular around the country it seems to me. certainly popular, the president, senators, house members and their staffs should all be part of obama care and lose their very, very curby subsidies. now a lot of conservatives wanted that. why are the 218 votes not there for it? >> because inside the republican party right now there is almost a civil war when it comes to arguing how to proceed. the conservatives in the republican congress want to make sure they keep fighting obama care. they're not willing to accept a cr and debt ceiling increase. >> so as a consequence, we'll come back to a
>> speaker john boehner and others spent the day on capitol hill. the gist of the plan was to extend the debt limit through early of next year and to reopen the government plus have all congressional employees not have federal contributions but ultimately by late tonight the speaker was not able to get the vote so he pulled the bill. >> in your judgment or in your reporting what you hear, what the buzz is, why can't he get the votes for that bill? very important. very popular around...
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Jan 24, 2013
01/13
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i don't know what got into boehner today. he's too pessimistic. >> i think he's a realist. he famously told harry reid to go and do something that we can't say on the air during the fiscal cliff talks. so, no, the speaker is in high spirits and heeps got a -- he's got a lot more support today -- >> where is this annihilation talk today? >> larry, usually when you no longer have the prospect of a reelection, you become less partisan. he's just trying to nullify his base and check the boxes of those who helped him cross the finish line pip would say it's not the obama people thought they were getting in 2012. >> you see, i think if the republicans hang tough, and i mean tough, tough, tough, tough on this spending sequester, tough, just let it happen, it's the opposite of the tax bill, right? the taxes expired if you did nothing. the spending is cut in you do nothing. i say gop adheres to that and rips the democratic party into multiple pieces. you all democrats cannot take the reduction in social spending. come on, acknowledge that. you won't be able to do it. republicans hav
i don't know what got into boehner today. he's too pessimistic. >> i think he's a realist. he famously told harry reid to go and do something that we can't say on the air during the fiscal cliff talks. so, no, the speaker is in high spirits and heeps got a -- he's got a lot more support today -- >> where is this annihilation talk today? >> larry, usually when you no longer have the prospect of a reelection, you become less partisan. he's just trying to nullify his base and...
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Nov 15, 2012
11/12
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and boehner, speaker john boehner, spoke today and said, wait, just cool your jets. we've got a lot of negotiating to do. they're not going to let that happen. but the stock market may be telling us that the house in checkmate will wind up with a recession from the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax increases coming on on capital gains and dividends, people don't feel that anymore. the significance of this poll, larry, is it's the first poll taken after the election. and the rhetoric has been very strong, also from harry reid. remember, when it looked like romney might win, he said there's going to be in reaching across the
and boehner, speaker john boehner, spoke today and said, wait, just cool your jets. we've got a lot of negotiating to do. they're not going to let that happen. but the stock market may be telling us that the house in checkmate will wind up with a recession from the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during...
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Oct 8, 2015
10/15
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look, right now john boehner is the speaker. there's a longer two-year deal. the price is skeptical. life goes on. life goes on. however, in a year where there is great tumult in the elections, right, i mean, would you or i have been smart enough to predict donald trump first, ben carson second, and carly fiorina third. i know you are a smart guy, and i've worked with you for many years, but i don't think any of us would have gotten that. would we prakt a revelt from the grassroots of the gop after they swept congress a year ago? you know, there's a lot going on. it has to be sorted out. what you are seeing is an illustration, so far, of the failures. it all comes down to the house leadership. >> thanks for taking the time to give us ae call as we watch the markets which had been trying to go positive and were looking moderate it'sly at gains across the board. albeit not by a lot, but nonetheless, the sentiment on wall street clearly changed once this news did come out. we'll take a quick break and come back on the other side and talk more about this. the reac
look, right now john boehner is the speaker. there's a longer two-year deal. the price is skeptical. life goes on. life goes on. however, in a year where there is great tumult in the elections, right, i mean, would you or i have been smart enough to predict donald trump first, ben carson second, and carly fiorina third. i know you are a smart guy, and i've worked with you for many years, but i don't think any of us would have gotten that. would we prakt a revelt from the grassroots of the gop...
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Nov 14, 2012
11/12
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look at how scripted john boehner had to be when he said revenue. where democrats fell out of their chairs. he had to do it with a t ee teleprompter. >> god bless him. raising tax rates is not the answer to this. >> but you know what, look. i know karen, other democrats believe they got this great mandate. but house republicans believe they got a mandate to put a check and balance on senate democrats as well as the president. so we are going to have to have a compromise for a change. >> we have a mandate and for president obama you would hope that he would start thinking now about what is his legacy and does he want to leave office with a terrible economy. i don't think in year eight he is going to be able to blame george bush. he ought to start thinking about economic growth. this is probably the least harmful way. > exit polls show that that george w. bush hurt romney tremendously. >> the polls are the polls. but the point i'm making in the second term, it is president obama's don mi aeconomy and def. he is going to have himself a hard time. thank
look at how scripted john boehner had to be when he said revenue. where democrats fell out of their chairs. he had to do it with a t ee teleprompter. >> god bless him. raising tax rates is not the answer to this. >> but you know what, look. i know karen, other democrats believe they got this great mandate. but house republicans believe they got a mandate to put a check and balance on senate democrats as well as the president. so we are going to have to have a compromise for a...
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Dec 31, 2012
12/12
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you have to know beyond boehner what the party wants. but in some sense, the republicans are being sham bollic and making fools of themselves. but in another sense, they are reacting favorably or rationally to the structure they are in. we have the sensible country with the dysfunctional washington. the reality is we have a country of people who want to bankrupt their children, spend money on themselves, and will punish any politician who prevents them from doing that. and therefore they will punish republicans if they cut entitlements. they will punish democrats if they cut entitlements. so what you saw today was the president shifting attention from debt reduction to tax cuts, which is the easy thing. i think the problem is centrally in country, and the politicians look like idiots because they are responding to horrible incentives. >> shambalic. that's a great word. >> what does shambollic mean, actually? >> i'm british. >> ok. >> i thought i'd let it go the first time. i didn't know what it meant. tom, you interviewed the candidate o
you have to know beyond boehner what the party wants. but in some sense, the republicans are being sham bollic and making fools of themselves. but in another sense, they are reacting favorably or rationally to the structure they are in. we have the sensible country with the dysfunctional washington. the reality is we have a country of people who want to bankrupt their children, spend money on themselves, and will punish any politician who prevents them from doing that. and therefore they will...
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Nov 9, 2012
11/12
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john boehner coming out saying we are ready for you, mr. president, to lead us. the president saying i'm reaching across the aisle. and here he is today being adamant once again, i'm going to veto any legislation that does extend the cuts for anybody making more than 250 or $200,000. >> yeah, about a 72-hour honeymoon here. i don't think it lasted much longer than that. all those nice words and they fade right into the reality. what we don't know and what's hard for me to understand as i try to figure out the economics of this are the politics of a presidential election. at the end of the day, the balance of power remains almost exactly the same. does the fact the president won an election make his hand any stronger? does it make it the same? does the idea he's not running for office again improve his power or make him weaker? i don't really know the answer to that. i do remember president bush saying he had a mandate, and watching that mandate fizzle as he tried to do social security reform. i'm not sure there's been any progress at all as a result of this elect
john boehner coming out saying we are ready for you, mr. president, to lead us. the president saying i'm reaching across the aisle. and here he is today being adamant once again, i'm going to veto any legislation that does extend the cuts for anybody making more than 250 or $200,000. >> yeah, about a 72-hour honeymoon here. i don't think it lasted much longer than that. all those nice words and they fade right into the reality. what we don't know and what's hard for me to understand as i...
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Oct 22, 2015
10/15
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not just under john boehner, but before then. we need a bottom-up approach that involves members and involves the american people. there's a growing frustration not just amongst one party, but both parties and independence about what's coming out of congress that we've been not an effective counter weight to this administration. we're not doing our duty. we're not going through appropriations bills. it's crisis after crisis run by special interests. can you throw that all out there, and it is true. >> we'll find that out by friday. the real question is how quickly can we change, it because it's long overdue. >> thank you for your time. good to see you again. >> thank you. >> congressman tim of kansas. this is tammy duckworth of illinois doing the questioning. >> a constant issue that we have worked between the state department and the department of defense. the libyans made it very clear from the very beginning they did not want any american military or any foreign military at all in their country, and what i concluded is that we
not just under john boehner, but before then. we need a bottom-up approach that involves members and involves the american people. there's a growing frustration not just amongst one party, but both parties and independence about what's coming out of congress that we've been not an effective counter weight to this administration. we're not doing our duty. we're not going through appropriations bills. it's crisis after crisis run by special interests. can you throw that all out there, and it is...
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Nov 14, 2012
11/12
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the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a commitment to discuss entitlement reform. >> what you did hear from the president is a statement that the american people knew what they were get what they re-elected me. he also said there is a big contrast between me and mitt romney on the campaign trail and i'm the guy who won the election. >> as one of our smart viewers tweeted in which i thought was so smart -- it's all fun and games until you have to name specific entitlements you want to cut. right? we need more specifics from both sides. all right, going to a break here but after the break, steve leisman, stick around. we also have something today called
the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a...
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Oct 22, 2015
10/15
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it may be on boehner to get that done. he may have to stick around a little longer to make it happen. >> i think we are about to get to hillary clinton speaking. stick around. stay with us. >> let's take a listen. >>> at our diplomatic compound and later at the cia post in benghazi libya on september 11th, 2012. took the lives of four brave americans. ambassador chris stevens, sean smith, lynn daugherty and tyrone woods. i'm here to honor the service of those four men shall the courage of the diplomatic security agency and the cia officers risked their lives that night. the work their colleagues do every single day all over the world. i knew and admired chris stevens. he was one of our nation's most accomplished diplomates. chris' mother liked to say he had sand in his shoes. he was always moving, always working, specially in the middle east, that he came to know so well. when the revolution broke out in libya, we named chris as our envoy to the opposition. there was no easy pay to get him into benghazi to begin gathering
it may be on boehner to get that done. he may have to stick around a little longer to make it happen. >> i think we are about to get to hillary clinton speaking. stick around. stay with us. >> let's take a listen. >>> at our diplomatic compound and later at the cia post in benghazi libya on september 11th, 2012. took the lives of four brave americans. ambassador chris stevens, sean smith, lynn daugherty and tyrone woods. i'm here to honor the service of those four men shall...
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Oct 8, 2015
10/15
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we have some consistency with boehner. he has certainly less at stake now so he will be willing to probably compromise and push things through even if it means his own tarnished image within his party. however, longer term, you know, historically the market has tended to embrace gridlock. the market tends to rally in periods of gridlock. however, what we have to keep in mind was in those periods, we could rely on monetary policy. now that monetary policy has pretty much reached the end of the line, certainly can't lower interest rates much further than they are, we can't increase the balance sheet. maybe we can reduce the reserve requirement, but my guess is that the regulators don't want to do that, so we probably at some point really do need fiscal policy. we do need congress to work together to try to carve out infrastructure, tax reform, immigration, and public education in order to push our economy forward. >> so, jerry, would you agree this could mean rougher waters for the market longer term because of the gridlock
we have some consistency with boehner. he has certainly less at stake now so he will be willing to probably compromise and push things through even if it means his own tarnished image within his party. however, longer term, you know, historically the market has tended to embrace gridlock. the market tends to rally in periods of gridlock. however, what we have to keep in mind was in those periods, we could rely on monetary policy. now that monetary policy has pretty much reached the end of the...
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Aug 27, 2013
08/13
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speaker boehner will ask for more spending cuts. plus, he will not relent on the budget cutting sequester so far as i know. secretary lew spoke about the sequester, too, take a listen. >> let me make clear on sequestration that we think the right thing for the country is to replace centers of across the board cuts but i should remind you that they're designed to be so objection annual that thable that they would spur discussion. >> joining us now for the republican response, house member marcia blackburn from tennessee. welcome back. >> thank you. >> let me just ask you, when i listen to this, are we headed for good old-fashioned washington brawl here? mr. boehner has quoted he's out barn starming in idaho. he says for a debt ceiling increase he wants more spending cuts and there is going to be negotiatio negotiations. what is the obama administration thinking? will there be a clean bill? >> no. we have the 2% across the board cut in discretionary spending. what we did was to see that had a positive effect on our economy. larry, i'm
speaker boehner will ask for more spending cuts. plus, he will not relent on the budget cutting sequester so far as i know. secretary lew spoke about the sequester, too, take a listen. >> let me make clear on sequestration that we think the right thing for the country is to replace centers of across the board cuts but i should remind you that they're designed to be so objection annual that thable that they would spur discussion. >> joining us now for the republican response, house...
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Nov 30, 2012
11/12
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speaker boehner nose knows we need an agreement. three, this is the rare period in american politics where you can have governance with less politics. number four, you have a forcing mechanism. that happens very rarely, so those -- all those factors come together. i believe one of these weekends the president and speaker will get in a room and desire this things. >> we were there in the summer of 2011. we were there. i'm not saying it was i had k58, but the speaker and the president were very, very close. last question, judd gregg, why do you think it will work this time when it didn't work in the summer of 2011? >> this is the advantage of both sides to govern. we're note leading up to an election. >> it's better to do it after an election. >> people want the country to be governed. >> a real deal or establish another cliff? >> the first step will be very significant i think. the second step will be directions to the ways and means and finance committee on tax reform. >> this could be done without destroying the economy, but you ar
speaker boehner nose knows we need an agreement. three, this is the rare period in american politics where you can have governance with less politics. number four, you have a forcing mechanism. that happens very rarely, so those -- all those factors come together. i believe one of these weekends the president and speaker will get in a room and desire this things. >> we were there in the summer of 2011. we were there. i'm not saying it was i had k58, but the speaker and the president were...
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May 15, 2013
05/13
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i directed secretary lew to insure the irs john boehner implementing the i.g.'s recommendations right away. third, we will work with congress as it performs its oversight role. and our administration has to make sure that we are working hand-in-hand with congress to get this thing fixed. congress, democrats and republicans owe it to the american people to treat that authority with the responsibility it deserves and in a way that doesn't smack of politics or partisan agendas. because i think one thing have you seen across the board, everybody believes what happened in, as reported in the i.g. report is an outrage t. god news is it's fixable. it's in everyone's best interest to work together to fix it. i will do everything in my power to make sure nothing like this happens again. by holding the responsible parties accountable. putting in checks new checks and safeguards and going forward by making sure the law is applied as it should be, in a fair and impartial way. we're going to have to make sure the laws are clear, so that we can have confidence that they're en
i directed secretary lew to insure the irs john boehner implementing the i.g.'s recommendations right away. third, we will work with congress as it performs its oversight role. and our administration has to make sure that we are working hand-in-hand with congress to get this thing fixed. congress, democrats and republicans owe it to the american people to treat that authority with the responsibility it deserves and in a way that doesn't smack of politics or partisan agendas. because i think one...
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Sep 29, 2015
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. >>> kevin mccarthy throws a hat in the ring for speaker boehn boehner's job, talking about the odds of the a government shutdown. >>> if you want $20 million, all you have to do is solve one of the most difficult problems in the world. the ceo of the x prize foundation here to explain in the second hour of "squawk box" lifts off right now. ♪ >>> live from the beating heart of business, new york city, this is "squawk box." >> welcome back to "squawk box" here on cnbc, first in business worldwide. brian sullivan is in for joe kernan. here's what's going on. asian stocks sold overnight, it's on track for the worst loss in four years, an nikkei fell 4%, and shanghai dropped 2%. let's look at what's going on in european equities at this hour. we have a bit of a mixed picture, and then if we flip that board around, see what's going on in u.s. equity futures, right now, things are looking up, better this morning, dow would open up 78 points higher, s&p 500 up, and nasdaq up 27 poe points. >>> our top stories, the senate taking steps to avoid a government shutdown, a stopgap spending bill
. >>> kevin mccarthy throws a hat in the ring for speaker boehn boehner's job, talking about the odds of the a government shutdown. >>> if you want $20 million, all you have to do is solve one of the most difficult problems in the world. the ceo of the x prize foundation here to explain in the second hour of "squawk box" lifts off right now. ♪ >>> live from the beating heart of business, new york city, this is "squawk box." >> welcome back...
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Dec 27, 2012
12/12
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john boehner can't. he just can't pass a bill off his floor with a majority democrats and 20 republicans. >> the house already voted to extend all of the bush tax cuts. >> and the senate -- >> house leaders are right to say the ball is in the senate's court. until they act we can't know -- what kind of deal we come up with. >> the ball is always in the senate's court. that's how it works. >> you are both argue being process. here is what i don't understand. i stay to democrats that come on, what p the republicans voted to extend taxes on everybody that you want, would you means test social security and medicare? the vast majority say oh, no, no, no, no. >> not this democrat. i would absolutely support it. >> unfortunately you are not in congress. >> you are right. >> i talked to republicans. i said, listen, if tomorrow the democrats had an epiphany and decided representative ryan planes for making medicare a voucher system were the best thing to do, would you vote to raise taxes on millionaires and have
john boehner can't. he just can't pass a bill off his floor with a majority democrats and 20 republicans. >> the house already voted to extend all of the bush tax cuts. >> and the senate -- >> house leaders are right to say the ball is in the senate's court. until they act we can't know -- what kind of deal we come up with. >> the ball is always in the senate's court. that's how it works. >> you are both argue being process. here is what i don't understand. i stay...
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Jan 19, 2013
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so when john boehner comes together with his plan b in december, there's no unanimity or consensus in the republican party about that. i think the gop has to get its own house in order. >> they're all screwed up. that's what i'm saying. >> but they're the ones who talk about spending cuts -- >> base is going to -- >> you know the base of the republican party better than i do but i think the republican base doesn't have anywhere to go. >> they go home to sleep. they can watch tv. they can watch a sporting event. they can have a couple of beers. believe me. you're seeing the base. you ever see what they look like? i'm sorry. >> you said that. not me. >> i didn't say that. matt welch, you're kind of a neutral observer in this whole story. >> kind of. >> let me get your take on this. do you think the gop's getting the message out? >> i think it was shrewd politically what they did today. >> okay. >> they put democrats on the defensive. they shined a light on the fact they haven't passed a budget in 1,360 days and said hey if you want to be -- we don't want to be the irresponsible budgetar
so when john boehner comes together with his plan b in december, there's no unanimity or consensus in the republican party about that. i think the gop has to get its own house in order. >> they're all screwed up. that's what i'm saying. >> but they're the ones who talk about spending cuts -- >> base is going to -- >> you know the base of the republican party better than i do but i think the republican base doesn't have anywhere to go. >> they go home to sleep. they...
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Aug 7, 2013
08/13
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john boehner thinks it's bad. he charged president obama's plan to restart relations with russia have now collapsed. larry, back to you. >> well, sorry to hear that, steve handelsman, thank you very much. we appreciate. it. so we saw hillary clinton restart the button with russia's prime minister. we saw the president was making fun of romney's concerns about hostilities from russia. now listen to this. >> the 1980s are now calling for their foreign policy act. the cold war has been over for 20 years. >> all right. that was then. this is now. i want to know, what is it that turned president obama around and really strengthened his stance with vladimir putin? here now is former assistant secretary of defense, peter brooks, joining us is don jensen, senior fellow at john hopkins university center for transatlantic relations and leon aaron, director of studies at the american enterprise institute and author of ideals in the making of the russian revolution 1987 to 1991. okay. peter brooks, it's just you and me. one o
john boehner thinks it's bad. he charged president obama's plan to restart relations with russia have now collapsed. larry, back to you. >> well, sorry to hear that, steve handelsman, thank you very much. we appreciate. it. so we saw hillary clinton restart the button with russia's prime minister. we saw the president was making fun of romney's concerns about hostilities from russia. now listen to this. >> the 1980s are now calling for their foreign policy act. the cold war has been...
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Sep 12, 2012
09/12
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this was not part of the deal he made with boehner. this was the attempt -- he had to go along with it. >> senator dan coates, i want to go back to another money issue because the fact that this muslim brotherhood president of egypt has not apologized to the united states for ripping in the embassy, climbing up the flag, take the flag and ripping it down. i find that outrageous and i find it particularly outrageous that president obama suddenly wants to forgive $1 billion of egyptian debt. why are we redistributing our income to countries who dislike us, maybe even hate us in the middle east? why don't we look out for ourselves and why haven't we demanded an apology from this character in cairo who is the president of egypt? >> i can guarantee you that the congress is going to demand we have some cooperation in this effort to take these people to justice or there's going to be a real debate and discussion about whether or not we will continue to send taxpayers' money to egypt. we have to have a reliable government that supports us if t
this was not part of the deal he made with boehner. this was the attempt -- he had to go along with it. >> senator dan coates, i want to go back to another money issue because the fact that this muslim brotherhood president of egypt has not apologized to the united states for ripping in the embassy, climbing up the flag, take the flag and ripping it down. i find that outrageous and i find it particularly outrageous that president obama suddenly wants to forgive $1 billion of egyptian...
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Sep 13, 2012
09/12
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where boehner said he came back and wanted that. is there a gray area there, do you know whether -- >> there's more than a gray area. >> we hear pelosi and the house read the president the riot act and that's when he came back and said we need another 400. did it happen that way is th? >> the way it happened and i lay it out almost hour by hour, the gang of six senators said we can do a plan and deficit reduction plan with at least $400 billion more. in the white house david plouffe, the political adviser, the person who has the office close he is to the oval office, somebody who had been obama's campaign manager in 2008, says wait a minute, this is a watershed moment because among those six senators are three republicans asking for more revenue than the president is. so the president decides and the congressional liaison chief says to the president, look, if you don't ask sask for more revenue you'll be part of the weakest presidency in the history of man kind. as a challenge, we have to do this. the president picks up the phone an
where boehner said he came back and wanted that. is there a gray area there, do you know whether -- >> there's more than a gray area. >> we hear pelosi and the house read the president the riot act and that's when he came back and said we need another 400. did it happen that way is th? >> the way it happened and i lay it out almost hour by hour, the gang of six senators said we can do a plan and deficit reduction plan with at least $400 billion more. in the white house david...
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Sep 13, 2012
09/12
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speaker boehner put out statement it's time for obama and the senate democrats to work with republicans to stop the tax hikes that threaten our economy. it's an excellent idea but it ain't going to happen any time soon. in other news, new presidential campaign polling today in three key state, ohio, florida and virginia, all shows president obama has a lead among likely voters. cnbc's own john harwood has the details, good evening, john. >> ever since both party conventions we've been focused on president obama's bounce in national polls. now we have swing say it numbers from the nbc "wall street journal" maris poll and they're good for president obama. he's taken a clear lead in three important battle grounds. first, the state of florida with 29 electoral votes, president obama leads romney 49-44%. ohio with 18 electoral votes, president obama leads by even more, 50-43% for mitt romney. in the state of virginia, president obama leads 49% to 44%, again over mitt romney. now, all three of these are states that were carried by president obama in 2008. mitt romney needs to take at least tw
speaker boehner put out statement it's time for obama and the senate democrats to work with republicans to stop the tax hikes that threaten our economy. it's an excellent idea but it ain't going to happen any time soon. in other news, new presidential campaign polling today in three key state, ohio, florida and virginia, all shows president obama has a lead among likely voters. cnbc's own john harwood has the details, good evening, john. >> ever since both party conventions we've been...
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Sep 26, 2012
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obama had a chance to make a deal a year ago with john boehner and it fell apart because at the last minute obama demanded another $400 billion in revenues. it could have been a grand design deal. we were that close to it. i want to ask you, do you believe from mitt romney's business experience that he would be a better deal maker, taxes, revenues, tax reform, spending cuts, deficits, you know the drill. do you believe romney has a better background to be a better deal maker, because the deal is what we're going to need in washington. >> well, the chief deal maker and if that's the president, clearly the romney resume is better that way. but to have a deal, you need the other side. and so i think last year's event, each party was culpable there. and the other thing you'd say is, who's actually in the deal room? it's not just the chief negotiator. i negotiate deals at the last minute. i'm brought in at the last minute. the top guy isn't the guy that does the deal. he's the one that keeps the deal moving. and that's the failure that we've seen. that the deal simpson/bowles as our new c
obama had a chance to make a deal a year ago with john boehner and it fell apart because at the last minute obama demanded another $400 billion in revenues. it could have been a grand design deal. we were that close to it. i want to ask you, do you believe from mitt romney's business experience that he would be a better deal maker, taxes, revenues, tax reform, spending cuts, deficits, you know the drill. do you believe romney has a better background to be a better deal maker, because the deal...
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Feb 9, 2013
02/13
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his name is john boehner in the republican congress. by the way a man i like and respect. he's sitting at i think 20%. what's the gop congress sitting at? that same quinnipiac poll 19%. remember harr harry truman runn against the do nothing congress? he can do the same thing. he's re-elected. why does he give a damn at this point? he needs a job plan. >> that's the key. let me just read some more from this rutgers poll. i don't want to put too many numbers on but i think it's very interesting, kevin williamson. 79% finger foreign competition. 40% illegal immigrants. these are the people they're blaming for jobs. foreign competition, illegal immigrants. wall street bankers 35% blame. barack obama, 30% blame. george bush now down to 23% blame. so actually what's interesting here is at least one of the things we're talking about, and that's illegal immigration, they don't like it one bit. they blame that. >> no. people don't like it. but this is a good reason why we don't want voters making economic policy that you want to have a republican have some people in between. becaus
his name is john boehner in the republican congress. by the way a man i like and respect. he's sitting at i think 20%. what's the gop congress sitting at? that same quinnipiac poll 19%. remember harr harry truman runn against the do nothing congress? he can do the same thing. he's re-elected. why does he give a damn at this point? he needs a job plan. >> that's the key. let me just read some more from this rutgers poll. i don't want to put too many numbers on but i think it's very...
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Oct 17, 2012
10/12
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daly the president tried to work with republicans in the congress say on a grand bargain with john boehner, couldn't quite get there. george w. bush came into office said he was going to work with the democrats that didn't work out. i would like to know if judd gregg thinks it's realistic given the fact that mitt romney has ruled out tax increases, in a -- is it realistic to think mitt romney could strike a bipartisan deal, get democrats to cut entitlements if he wasn't going to go on taxes? >> well, first off the loss of bill daly in the white house is a huge blow to bipartisan in my opinion because he was a person everybody could work with. but independent of that, the president has had some significant opportunities to go across the aisle. the biggest his own commission, simpson-bowles which reported back a significant proposal to reduce the debt by $4 trillion over ten years. it was supported by three of the most fiscally conservative members in the senate, supported by five of his own appointees to the commission, two progressive members of the senate supported it and the president wa
daly the president tried to work with republicans in the congress say on a grand bargain with john boehner, couldn't quite get there. george w. bush came into office said he was going to work with the democrats that didn't work out. i would like to know if judd gregg thinks it's realistic given the fact that mitt romney has ruled out tax increases, in a -- is it realistic to think mitt romney could strike a bipartisan deal, get democrats to cut entitlements if he wasn't going to go on taxes?...
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Nov 2, 2015
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. >> senator paul, the budget deal crafted by speaker john boehner and passed by the house today makes cuts in entitlement programs, medicare and social security disability which are the very programs conservatives say need cutting to shrink government and solve our country's long-term budget deficit. do you oppose that budget deal because it doesn't cut these programs enough? >> no, i oppose it because you're taking money from the entitlements and then spending it immediately on other items. that is what they're doing. they're taking money from social security and they're going to spend it on the military. and they're going to spend it on domestic spending. here is the thing, when you look at raising the debt limit it should be leverage to try to reform the government. in 2011, the sequester was passed as a reform to slow down the rate of government. instead, the washington establishment raised both. we raised the military spending, took from entitlements and raised domestic spending and the deficit will explode under this. this is the unholy alliance that people need to know about be
. >> senator paul, the budget deal crafted by speaker john boehner and passed by the house today makes cuts in entitlement programs, medicare and social security disability which are the very programs conservatives say need cutting to shrink government and solve our country's long-term budget deficit. do you oppose that budget deal because it doesn't cut these programs enough? >> no, i oppose it because you're taking money from the entitlements and then spending it immediately on...
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Oct 21, 2015
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caucus that is frustration, antigovernment, and, you know, same things that make them unhappy with john boehner will likely make them unhappy with paul ryan doing the things a speaker that has to do. >> there was grumbling yesterday. >> on particularly on the issue of immigration, which is interesting because cultural identification is the powerful thing more than taxes and budgets and entitlements and all the things paul ryan made a career on. my guess is in the end that he gets enough assent to do it, but i don't think he wants it that badly, and i'm not sure that it's going to solve the republican party's problems. >> weird you characterize the far right because you know that space supposedly circles around on itself, and you can go so far right you end up on the left. they are antitrade. berpny and the freedom caucus has the same true on trade. how does that work, john? >> works in an emotional level because there's a lot of people in the country who are upset at the way it's changing, culturally, the demographics of the country, and the fact that the economy for a certain group of people,
caucus that is frustration, antigovernment, and, you know, same things that make them unhappy with john boehner will likely make them unhappy with paul ryan doing the things a speaker that has to do. >> there was grumbling yesterday. >> on particularly on the issue of immigration, which is interesting because cultural identification is the powerful thing more than taxes and budgets and entitlements and all the things paul ryan made a career on. my guess is in the end that he gets...
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Nov 1, 2013
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the latest i had heard was that pelosi and boehner had decided to move their staff on to the actual plans, the insurance plans. i think there were some democrats who were considering keeping some of their staff on them and some republicans, too. >> i like the idea of a dose of your own medicine, right? >> yeah. >> it's supposed to be a good thing, andrew. you're acting like it's a -- >> yeah. you think it's great when you have it. >> no, no, no. the point is -- >> that's what the republicans were thinking. when grassley introduced it, he was like, you like this, democrats? now you're going to have to use it. >> everybody in washington should feel the way everybody in the country feels on everything. that's the only way they're going to be able to -- >> let me know when you give up your comcast -- >> i'm very happy with my -- >> well, if you liked your plan, you can keep it. >> i'm very happy with my plan .i am not working for the government. >> if you like your plan, you can keep it. >> the congress is exempt from a lot of rules that they pass. some of the ocsea laws don't apply -- >> it
the latest i had heard was that pelosi and boehner had decided to move their staff on to the actual plans, the insurance plans. i think there were some democrats who were considering keeping some of their staff on them and some republicans, too. >> i like the idea of a dose of your own medicine, right? >> yeah. >> it's supposed to be a good thing, andrew. you're acting like it's a -- >> yeah. you think it's great when you have it. >> no, no, no. the point is --...